nuclear-news

Uranium looking like a poor investment

Cameco profit falls as it cuts uranium sales forecast -. Steel Guru , 18 Aug 2010, Cameco Corporation reported a weaker Q2 operating profit as results were hurt by lower uranium sales volumes and a lower realized uranium selling price.The top Canadian uranium producer also lowered its 2010 uranium sales forecast to 30 million pounds from a range of 31 million pounds to 33 million pounds as some customers deferred deliveries into 2011.Cameco said that it expects 2010 uranium revenues to fall 10% to 15% below 2009 levels compared with its prior forecast of 5% to 10% decline….. Steel Guru : Cameco profit falls as it cuts uranium sales forecast – 160993 – 2010-08-18

August 19, 2010 - Posted by Christina Macpherson | business and costs, Canada, Uranium | antinuclear, nuclear costs, uranium